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BlackBerry Turns a Q2 Profit, Raises Full-Year Guidance

Stronger QNX automotive software performance prompted a higher full-year outlook.

The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo

Overview

  • The company reported net income of US$13.3 million, or US$0.02 per diluted share, for the quarter ended Aug. 31.
  • Adjusted earnings were US$0.04 per share, improving from break-even a year earlier.
  • Revenue rose to US$129.6 million from US$126.2 million, with QNX up to US$63.1 million.
  • Secure communications revenue declined to US$59.9 million, while licensing contributed US$6.6 million.
  • Full-year guidance increased to US$519–US$541 million in revenue and US$0.11–US$0.15 in adjusted EPS.